Farm sales activity hits a low

Farm sales volumes for the three months to the end of October fell by 26 percent compared to the prior corresponding period. The median sale price was $24,982 per hectare for October, more than 8 percent lower than September and 3.8 percent lower than October 2016. The Real Estate Institute All-farm Index, which adjusted for difference in farm size, location and type, fell 5.7 percent from September to October, but finished 7.3 percent ahead of October last year.